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Nissin Foods Holdings fiscal Q4 profit falls YOY

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Nissin Foods Holdings fiscal Q4 profit falls YOY

Nissin Foods Holdings Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 came to ¥30.24 per share, a decline of 23.0% from ¥39.27 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥3.33 billion, a decline of 23.3% from ¥4.35 billion in the year-earlier period.

The normalized profit margin fell to 3.1% from 4.1% in the year-earlier period.

Total revenue climbed on an annual basis to ¥107.63 billion from ¥105.90 billion, and total operating expenses rose from the prior-year period to ¥103.49 billion from ¥99.94 billion.

Reported net income came to a loss of ¥519.7 million, or a loss of ¥4.72 per share, compared to income of ¥645.1 million, or ¥5.83 per share, in the prior-year period.

For the year, the company's normalized net income totaled ¥184.19 per share, a fall of 5.0% from ¥193.80 per share in the prior year.

Normalized net income was ¥20.40 billion, a decrease from ¥21.45 billion in the prior year.

Full-year total revenue increased year over year to ¥431.57 billion from ¥417.62 billion, and total operating expenses rose on an annual basis to ¥407.27 billion from ¥389.91 billion.

The company said reported net income declined year over year to ¥18.51 billion, or ¥167.10 per share, in the full year, from ¥19.27 billion, or ¥174.13 per share.

As of June 25, US$1 was equivalent to ¥123.71.